Power Generation & Supply Customer Supply & Group Services Irish Congress of Trade Unions ESB and...

Power Generation & SupplyCustomer Supply & Group Services

Irish Congress of Trade UnionsESB and ‘Green Jobs’

Padraig McManusESB Chief Executive


From Financial Market Turmoil to Global Recession

Market and Liquidity Risks Employment

Worst since 1930’s No Region Spared


-7.5%

-1.5%

3.3%4.5% 4.5%

2009E 2010E 2011E 2012E 2013E

Major Changes for Ireland

Source: Dpt of Finance, Pre-Budget Outlook, Nov 2009

Projected GDP Growth2008

From 2nd highest EU GDP per capita to -3%

2009

Severe GDP Contraction

2010

Further contraction, recovery in trading partners

2011

Recovery Focus on competitiveness

and costs now required


Impact on the Power Sector

Global electricity demand

European final power consumption

Power Generation H1 2009• RWE Power (Ger): -40%• RWE Npower (UK): -31.4%• Vattenfall (Nordic): -7.1%• Endesa (Spain): -17%


Outlook for ESB

Significant Change In Market Demand - GAR

Forecast from GAR report

26000

27000

28000

29000

30000

31000

32000

33000

34000

26000

27000

28000

29000

30000

31000

32000

33000

34000

2005 2006 2007 2008 2009 2010 201 2012 2013 2014 20152005 2006 2007 2008 2009 2010 201 2012 2013 2014 2015

Dem

and

(G

WH

)

Medium GAR (July 2009) Original Medium GAR (Dec 2008)

Dec ‘08

July ‘09

Major Glut in UK & European Gas Prices Significant Change in Market Demand – Generation Adequacy Report

Cumulative CPI (2007 base)Networks Impact

80%

85%

90%

95%

100%

105%

110%

115%

120%

125%

80%

85%

90%

95%

100%

105%

110%

115%

120%

125%

2008 2009 2010 2011 2012 2013 2014

2008Strategy

RevisedOutlook

Cumulative CPI (2007 base) Networks Impact

Demand, market and inflation all reduced which

Impacts ESB profitability


2008 Strategic Framework


Delivering on Smart Networks

ESB Integrated Network Strategy

Applied research

Partnership

Ireland as centre of excellence

Sustainable employment


Eco-Investment Fund (Novus Modus)

New €200m Investment Fund for Energy Innovation

Positioning ESB as a smart-tech Utility for the future

ESB investments will drive employment in this sector • Renewable generation• Clean energy technologies• Renewable services and logistics• Low carbon and energy efficiency


ESB Stimulus to the Economy 2009-2013

3,700 new external jobs

Sustain 1,300 internal jobs

Deliver the Smart Networks Infrastructure

800 apprentices and 300 graduates

Power Generation & Supply Customer Supply & Group Services Irish Congress of Trade Unions ESB and...

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